As an analogy:
Think of each transaction that you receive as being a single "coin" that contains an equivalent amount of a precious metal (gold?).
...
Without the precious metal that needs to be melted, this is how bitcoin actually works. There isn't an "account" with a "balance", and there are no distinct unique "coin files" that can be tracked. Your wallet keeps track of individual transaction outputs. When you want to send bitcoins, your wallet combines one or more of those previously received outputs into a single transaction that blends together all the value. Then it re-assigns portions of that value to each new transaction output (including an output to send the "change" back to an address that your wallet controls).
Excellent analogy! This is bitcoin, not bitledger. All unspent amounts are "coins", that is why there is the change address, because you have to make change from your large coin to pay an amount smaller than that coin. |
|
|
|
|
Am I calculating it right that S.MPOE has a P/E of about 8.5 for the past month? (.00083/(12*.000081) That seems pretty reasonable.
|
|
|
|
I don't dispute that there is plenty of so called "horizontal variation" within species, but there just is no physical evidence to back evolution as it is stated.
Earlier in a thread I linked to a study that observed E. coli evolving into salmonella. I would call that physical evidence. |
|
|
|
You want protocol development, go work on it yourself, you selfish bastard. This is an open source project, contribute yourself. I've have been for nearly a year now, or rather I've been directly supporting someone who is working on it. https://bitcointalk.org/index.php?topic=93606.msg2325555#msg2325555Why do you think you get to dictate what sort of work the Almighty Bitcoin Foundation does. Provide a direct quote where I did that or GTFO. I never demanded that anyone do anything. All I've done is ask for the people defending the foundation by saying "the foundation pays Gavin so he can work on protocol development" provide some evidence to back up their claims. All I've received in return to these queries is diversions and verbal abuse. You missed the sarcasm mark at the end of my post ... I quite agree with what you wrote. |
|
|
|
"You have to pay tax on bitcoin" hahahahahahaha!
Technically, you do, if you live in a country that treats it as an asset and you profit by it. If you mine if then sell it or buy it and sell it higher, etc... you need to pay tax on the gains. I don't know why people think they don't have to but there are going to be a lot of rude awakenings.... By "you need to pay taxes", are you saying "legally required because that is what the government wants" or "legally required and penalties will happen if you do not"? |
|
|
|
I haven't seen anyone point out that the Bitcoin Foundation pays Gavin's salary, so that he can focus on developing the Bitcoin protocol. How much protocol development has happened in the last year? Nobody ever did have an answer to this question, did they? You want protocol development, go work on it yourself, you selfish bastard. This is an open source project, contribute yourself. Why do you think you get to dictate what sort of work the Almighty Bitcoin Foundation does. /TBF |
|
|
|
Sorry. Someone asked about why God would create us with cancer, sickness etc. This is my only explanation. Do you have a better one? It seems that those that believe in evolution just think this crappy world is all we have though. Seems a bit hopeless to me.
Make do with the world we have or pretend there is some amazing place waiting for us when we die, which is more logical? Which is more productive? |
|
|
|
The point was that evolution is based solely on mass and energy. Information is not even factored into the equation. However, information cannot come from just a big bang. This is not evident in our world. So the point is that there is a "non-material" element to information. The question then is "Where did information come from?" Our DNA has very complex information encoded in it. That shows a supremely intelligent entity put the code there. It would be like having a computer with an highly complex design in the software yet we just all think "Wow. It is great how that software just evolved from nowhere." Why is that not possible? Software on a computer is much less complex than our DNA.
Take a bunch of marbles of four colors, drop them into a half-pipe. They will form a random sequence of the four different colors. Is that sequence information? Yes. Presumably, there were many instances where RNA molecules formed in random orders. Just one of these was self-replicating, the others formed and broke down and formed and broke down, but the self-replicating sequence copied itself and began the chain of evolution. The genetic material that is successful is passed down to its replicates and expanded upon, the genetic material which is unsuccessful is consumed by the successful lines. This is according to the hypothesis that RNA formed before DNA, since RNA structures can act as enzymes while it is much harder for DNA structures to do anything but hold the genetic code. |
|
|
|
I am considering to invest some more in this but I can't seem to find a liquidation clause in the documents provided.
I hope I'm not getting this right, but as it stands, if the company decides to close up shop, 70% of all the assets will go to the issuer.
Can you elaborate on this?
At the moment we don't have a clause, but we could add one that would state that say 70% of the asset proceeds go to dividend holder, or otherwise they get the bulk of the proceeds from liquidation. why wouldn't 100% of the asset proceeds go to share holders? If we liquidated the value say next month the value it would pay back to investors would be about 140% of current investment. To liquidate the properties it would take 3-6 months of work on my end (Or otherwise a liquidation firm is hired and paid 10%-20% of the gross capital, most of the time they only get 70% of ARV on properties, so that means investors would net around 50%-60% of total value). The way we're structured allows for an orderly liquidation process that would pay back investors essentially all their investment and potentially more than that. The reason for mentioning the 30% or so cut for myself would be payment for time/involvement of liquidation, which would almost guarantee more profit to investors than hiring a outside firm. Why does this involve talking about the pre-liquidation value at all? If you are going to liquidate, you sell off the properties, paying whatever trading fees are applicable, and convert everything left to bitcoins. Then 100% of that amount should be distributed to the shareholders, right? |
|
|
|
The Law of Biogenesis
Spontaneous generation (the emergence of life from nonliving matter) has never been observed. All observations have shown that life comes only from life. This has been observed so consistently it is called the law of biogenesis. The theory of evolution conflicts with this scientific law when claiming that life came from nonliving matter through natural processes.
Evolutionary scientists reluctantly accept the law of biogenesis. However, some say that future studies may show how life could come from lifeless matter, despite virtually impossible odds. Others say that their theory of evolution doesn’t begin until the first life somehow arose. Still others say the first life was created, then evolution occurred. All evolutionists recognize that, based on scientific observations, life comes only from life.
False generalization, not all evolutionary scientists accept this as a "law". There have been plenty of experiments showing that organic materials can be formed from inorganic precursors. Furthermore, organic molecules tend to self-assemble and aggregate, like how if you put a drop of oil into a cup of water the oil will stay together instead of dissolving in the water. |
|
|
|
Furthermore please explain this. I am dying to know where these transitional half species fossils can be found.
What do you mean half-species? Are you really asking for a fish with legs or wings or something? That is what evolutionists allege happened. Really it shouldn't be that hard to find ONE fossil, considering they say the transition from fish to amphibians was over 100 million years+. Then I would also like to see the half reptile half mammal, since evolutionists also allege that reptiles became mammals over 100 million years. 100 million years of "evolution" should produce some fossil evidence, right?? Then I guess these mammals would have had to then move back into the oceans and become whales, since you do know whales are mammals right? Also how did these reptile/mammals just become warm blooded? Have you ever heard of the lungfish? http://en.wikipedia.org/wiki/LungfishHave you ever heard of monotremes, like the platypus? http://en.wikipedia.org/wiki/MonotremeYes, whales are descended from an animal that lived on land and they are related to the hippo. There are fossils of such animals. Mammals and birds developed warm-bloodedness separately, this is an example of convergent evolution. The amount of temperature regulation an animal has is not binary, there is a scale of various levels. It has to do with the internal biochemistry, and is helped by layers of insulation on the outside of the animal, such as blubber, hair, or feathers. For example, the monotremes were originally thought to be cold-blooded, but later it was found they are warm-blooded, since they regulate their body temperature, they just have a lower body temperature than other mammals. |
|
|
|
I am considering to invest some more in this but I can't seem to find a liquidation clause in the documents provided.
I hope I'm not getting this right, but as it stands, if the company decides to close up shop, 70% of all the assets will go to the issuer.
Can you elaborate on this?
At the moment we don't have a clause, but we could add one that would state that say 70% of the asset proceeds go to dividend holder, or otherwise they get the bulk of the proceeds from liquidation. why wouldn't 100% of the asset proceeds go to share holders? |
|
|
|
Count me in  Made my first purchases yesterday, it's exciting to see how this plays out  Looks promising. I think we'll do pretty good, we were able to utilize equity pretty quick on the first ~150btc that was invested. Dividend will double (or should) on this next disbursement. Good to know that previous holders assets are not just being diluted. |
|
|
|
How about we forget about the Bitcoin Foundation and make our own. If you have a bitcoin address, you are a member
Anybody can have an address, that does not mean they understand anything about what is going on. |
|
|
|
Fossils Show Stasis and No Transitional Forms
The fossil record reflects the original diversity of life, not an evolving tree of increasing complexity. There are many examples of "living fossils," where the species is alive today and found deep in the fossil record as well.
According to evolution models for the fossil record, there are three predictions:
1. wholesale change of organisms through time
2. primitive organisms gave rise to complex organisms
3. gradual derivation of new organisms produced transitional forms.
However, these predictions are not borne out by the data from the fossil record.
Trilobites, for instance, appear suddenly in the fossil record without any transitions. There are no fossils between simple single-cell organisms, such as bacteria, and complex invertebrates, such as trilobites.
Extinct trilobites had as much organized complexity as any of today’s invertebrates. In addition to trilobites, billions of other fossils have been found that suddenly appear, fully formed, such as clams, snails, sponges, and jellyfish. Over 300 different body plans are found without any fossil transitions between them and single-cell organisms.
Fish have no ancestors or transitional forms to show how invertebrates, with their skeletons on the outside, became vertebrates with their skeletons inside.
Fossils of a wide variety of flying and crawling insects appear without any transitions. Dragonflies, for example, appear suddenly in the fossil record. The highly complex systems that enable the dragonfly's aerodynamic abilities have no ancestors in the fossil record.
In the entire fossil record, there is not a single unequivocal transition form proving a causal relationship between any two species. From the billions of fossils we have discovered, there should be thousands of clear examples if they existed.
The lack of transitions between species in the fossil record is what would be expected if life was created.
Furthermore please explain this. I am dying to know where these transitional half species fossils can be found.
The fossil record does not produce a fossil for every individual. As was shown in the microbe study I linked earlier in the thread, a number of changes in the genetic record can develope without changing the organism, but then they can be switched on all at once. IIUC: Fish did not evolve from exoskeletal invertebrates. Something like flatworms -> roundworms -> segmented worms -> chordates -> vertebrates. Have you noticed that there are transitional animals still alive today? Like the coelecanth, which is a lobe-finned fish, transitional between the fish and tetrapods. How do you account for vestigial organs, if not a sort of transitional evolution? There are no fossils between simple single-cell organisms, such as bacteria, and complex invertebrates, such as trilobites.
Lol at expecting there to be fossils of microscopic bacteria. Do you want some fossils of oxygen as well? Actually, there are plenty of fossils of microbes. But not all microbes form fossils. Many animals leave very few fossils. Like frogs: there are very few fossils of frogs, but the few fossil frogs found show that they have been around a long time. |
|
|
|
Well, that's it, they got me. I no longer believe in evolution. What really did it for me was the question, "If humans came from monkeys, how come there are still monkey?"  Another question I have asked is, why did some species decide to stop evolving? Such as sharks and crocodiles. That baffles me Who says sharks and crocodiles are not evolving? They are successful in their niche, and so there is evolutionary pressure to stay as they are. There are many varieties of both crocodiles and sharks, if you look closely you will see they have been evolving. Don't anthropomorphize evolution too much, creatures do not decide to evolve or not, they are all always evolving. Think of it this way: Species A evolves into A and B, A is better fit so B dies off. Then A evolves into A and C, A is better fit so C dies off. Now, millions of years later, we have species A, can we say that A has not been evolving this whole time? |
|
|
|
What have the Romans ever done for us? ? What do Romans have to do with the Bitcoin Foundation? |
|
|
|
So is Satoshi the Creator or did bitcoin evolve? After all, once upon a time there were lowly little one digit numbers swimming around. Then they combined. But nobody has ever shown a number simply arise out of the swamp. Every number came from another number. I watched an interesting video about how the fact we even have "information" or the ability to think proves that the information was put there to begin with. http://www.answersingenesis.org/media/video/ondemand/beginning-was-information/beginning-was-informationI used to teach Kindergarten and in teaching math to young children there is some time spent on symmetry and pattern recognition. Patterns as well as symmetry are everywhere in our world. Even the simplest things like a leaf on a tree has symmetry. It obviously takes order and a plan for things to be made like they are. Where did the plan and order come from? For evolution to be a good theory we should see evidence of chaos becoming more orderly or symmetry and patterns coming from nothing, but this just isn't the case. Plants are complicated organisms. Symmetry is a fundamental property of many physical processes. In some systems, a symmetric state is lower in energy than an asymmetric state. |
|
|
|
OP brings up very good points and quite frankly their track record is beginning to speak for itself.
The track record of MPOE-PR (good) and also the track record of the Bitcoin Foundation (bad). |
|
|
|
|
+1 to OP, especially about the lack of any financial reports from the Foundation. You took in how many bitcoins, you did what with them? And now, without telling anybody that, you expect us to just keep giving you more bitcoins to feed the black hole? WTF?
If you need an example of what a financial report looks like (and wow, one every month!), you could just ask MPOE-PR to show you.
|
|
|
|
|
Show Posts
